Maybe Massalai was right after all

Hi Masalai and thanks for the welcome.

I don't have the time to look up and post lots of info: all I know is that these guys make statements usually when they can gain from it. Right or wrong,their interests are at stake-not mine nor yours.

 

I also did that back then and the cycle will happen again however the interest rate your paid lags the inflation already in place. In other worlds, when a bank is paying 14% on your money, it already lost at least this much already in buying power. So it is best to invest ahead of the curve, things like fuel futures,real estate etc... but you never know which way cookie crumbles.

 

Hi bntii,
I fear that it is likely GS the "Giant Vampire Squid" of a parasitic bankster sold "asset derivatives" ostensibly of the kind that most Government instrumentalities are allowed to buy instead of fixed term deposits at banks and claimed to be paying double the interest... - Turns out they were toxic and worthless... - That is roughly what was done.... A small but viable economy is destroyed by mercenary banksters looking after themselves at the expense of any sucker they can find...

My casual observation leads me to believe that the Goldman Sachs tainted operatives seem to be the common streak of s41t... I would suggest that all the banks (including Australia's "big four", who received very favourable loans from the US FED Reserve - - The banks are all identified in the minutes of the meetings of the board of the FED or some such as the link was posted by GATA and I read the link to see ANZ, CBA, NSW, NAB were all identified amongst dozens of others) ARE ALL TAINTED AS BANKSTERS... as having been tainted with toxic debt, (assets that were AAA rated but are worthless or negative in value...), by selling same to local Government treasurers of pension funds or silently holding same...

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http://www.caseyresearch.com/gsd/ed...inese-demand-feds-free-moneyand-pslvs-new-buy - - - READ THE LINKS....
"Was yesterday's action the beginning of a major breakout...or just a one-day wonder? We'll find out pretty quick I would think." - - - Everyone is asking questions and no one knows the answers... All will be revealed eventually - when the road ends and there is nowhere to kick the can anymore.... Then the politicians will be stymied, the banksters will not be able to play their games with all the QE money... The ordinary people will loose faith in their currencies and the fun and games will cease... Reality will bite....
http://www.allgov.com/US_and_the_World/ViewNews/Tax_Evaders_Renounce_US_Citizenship_120124 one of the links....

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http://www.caseyresearch.com/cdd/state-surveillance-technology "The State of Surveillance Technology" "1984" is well and truly upon us.... ?

 

Hi Masalai. In answer to that question above ....... Indeed yes !

I was talking to a group of "twenty something " people here recently , and they certainly reflected that sentiment.The sense of change and discontent ,
is palpable.

Hey ..btw ......why don`t you contact Eric Sponberg ,get some plywood , then build a wing mast for your craft........cheaper rig ?

 

I think what Bnt eye eye captain means is that the banks ( which we prefer to refer to as banksters ) did not directly influence people to overstep there financial means, by borrowing money they couldn't afford to pay back. He's got a point, even if it is on the top of his head .

in what was probably one of the largest marketing campaigns of history the banks shoved credit cards like crack onto people at there most vulnerable. The college undergrad. This herd of beer drinkin naked woman chasing mindless geniuses took the credit card bait and bolted. Banks reeled em in like fish by the millions. Was it the banks fault. No more so than the fishermans for throwing that tasty morsel out in front of the school. But they do bear some responsibility in my book. They knew a certain percentage of creditors from this group wouldn't be able to pay up when the time came. They just didn't realize how large a percentage that would be.

The banksters did the same thing with home loans, bit them in the *** as just like those college kids did.

So who's responsible

I think Mr Bntii would say its the fish for taking the bait. Myself, being a fishing guide or at least was, believe the fish was politely hanging in that hole minding his own biz and I've got a responsibility to leave him the way I found him. Catch and release is the kinda water I fish. So here's the rub, how do I really make money and still catch fish. I preserve the resource. If I dragged them all down kicking and screaming to the frying pan, I'd fast run out of fish. End of season.

Seems like exactly what happened to the banksters. They ate all the fish.

 

I like my pointy head thank you very much!
I dare say it can be tough at times to find hats...

The machinations of the banks are a secondary feature of the landscape.
When asset bubbles collapse- everyone looks around for someone to blame.

 

Hi Bos,
A very nice analogy... and I must concur with your general view as per the "naive but good citizen"... I was pointing at the naive but honest treasurer of a pension/retirement fund, or small quango where they are given a six monthly tranche to facilitate their operating expenses, who got into deep waters that he did not understand and the "friendly bankster" lifted him out and immediately fried him... by selling the AAA rated CDS, bundled home-loans that were sure to turn toxic very quickly, and because of the defective nature in the bundling - no one could access the asset to recover the loss as they were replicated illegally and fraudulently....

That is the 700 trillion circulating the globe that need to be removed from the books - but of whom? see http://usdebtclock.org/ fourth line from bottom <CURRENCY AND CREDIT DERIVATIVES> that is the global killer of economies.... That whole line is the devil in the detail..... 6 months ago the big CDS number was 600 trillion now it is fast approaching 800 trillion we is SCREWED when you compare that with global GDP and a capacity to service those debts...

Mike Rupert, speaking on Max Keiser's RUTV show, http://rt.com/programs/keiser-report/episode-241-max-keiser/ said the only way out he could see was for a "financial jubilee" which he defined as a point in time when ALL DEBTS are cancelled... All banks collapse and everyone starts again - - so - - - - - - Have you got hold of your gold and silver bullion yet? - - (do not store it anywhere else as it is not then yours), - - keep it with you - or - bury it where you only can find it and get it quickly...

 

same thing when water levels drop but the main point is isn't that one I'd mentioned before, its maintaining a resource. I believe that asset bubble had a little help in the bursting. The glut of homes caused by the inordinate number of foreclosures seems like it must have had something to do with it. Banks threw in so much bait, even the fish they new they'd throw back where caught and reeled in. Once all he big fish were gone suddenly the minnows became keepers. Except we all know what that leads to.

The asset ( home ) bubble might have been ready to burst. And sure the homeowners are guilty as all hell of sucking money out of there homes to pay for the basics. But thats another issue, why did those basics get so expensive. The corporate economy seems to have had something to do with that as well. Brings us back to Finding Nemo again but this time Bruce owns the power company, the water company, the telephone company, the auto manufacturing company, the imports company, the clothing company, the food producers, ranch and dairy. Everywhere you turn its some corporate scam to swindle little Nemo out of the family sea anemone. If waving the carrot of a second mortgage didn't work the little bastads gotta pay up the inheritance tax.

It becomes a much larger conversation once you factor in all the variables but. Blaming Nemo is hardly the right place to start.

Seems to me like we need a complete rethink of our economies structure.

I saw an interesting video the other night that this whole line of reasoning reminds me of

http://www.youtube.com/watch?v=yJ2ZCRkLZXs&feature=related

now I ask you, could the manufacturing sector in the US accomplish the same thing, today. Although I'm not sure I'd believe all those claims about efficiency I'm damn sure I couldn't schedule a 30 story structure in 360 hours. Not with all the regulations and inspections I'd have to go through. That and round the clock coordination of that something like thats requires a once or twice a day meet with all the trade supervisors and management personnel. Means some of those folks are going to be very sleep deprived.

Anyway the issues are many fold but the fundamentals are basic. Resource maintenance or conservation, If you want fish to catch next season you gotta play it smart this season.

Seams like the corporate economy is doing neither, unless the goal is to have a two class system in which case there evil plan is working perfectly cause I know my standard of living sure has declined

 

I came across this site somehow or another.

Haven't looked at it much,I don't think it's right or wrong...accept no responsibility for contents therein.

Some will enjoy it,some will hate it: http://governmentgonewild.org/

 

As damaging to the financial system as these failed mortgages are, they are one small part of the retraction process from the heights of a boom economy.

The largest employer in town shut the doors- its gonna hurt, everyone.

 

http://tehrantimes.com/economy-and-business/94799-iran-embargo-may-shut-down-70-eu-refineries - Oh bugger, I bet they did not foresee this "Collateral damage" - Blew their bloody foot off in the embargo on Iran... freakin idiots... next time lie down and with luck you will blow your own head off...
Do they need the truth tattooed on their foreheads (TRADE EMBARGOES DO NOT WORK) That act of terrorism on Iran will be your own undoing... - - - Those that pushed for the embargo are the guilty ones and need/deserve to be punished for such abject stupidity...

 

Nice one, maybe it will attract some who are in denial but I think many will need a big kick in their wallet region first...

 

Hi Bntii,
A little pain now is easier to take and administer than a HELL OF A LOT MORE intense pain later?

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Troubles in Australia http://www.abc.net.au/news/2012-01-27/imf-australia-outlook/3796386 "IMF cuts Australian economic outlook" even more.....

http://www.abc.net.au/news/2012-01-27/bp-ordered-to-cover-oil-spill-costs/3796470 "BP has been ordered to cover some costs for the massive 2010 oil spill in the Gulf of Mexico. "

http://www.abc.net.au/news/2012-01-27/20120127-darwin-refugees-in-asio-limbo/3796566 "Asylum seeker advocates say four refugee men are facing indefinite detention in a Darwin immigration centre because it is unlikely another country will take them after negative ASIO security assessments."

 

http://www.gata.org/node/10927 "Central bank policy is obscuring market values, Warsh tells Stanford audience" - - - what is common knowledge cannot be denied...

http://www.financialsense.com/finan...1/25/detlev-s-schlichter/paper-money-collapse "Detlev S Schlichter, Paper Money Collapse"

http://www.financialsense.com/finan...-for-the-euro-will-be-fought-on-italys-shores "Professor Edward Altman: The Final Battle for the Euro Will Be Fought on Italy’s Shores"

http://www.dailyreckoning.com.au/the-consequences-of-denying-reality/2012/01/27/ - - The Consequences of Denying Reality

http://www.dailyreckoning.com.au/demand-fears-in-a-consumer-based-economy/2012/01/27/ - - Demand Fears in a Consumer Based Economy

http://www.dailyreckoning.com.au/currency-wars/2012/01/27/ "Currency Wars" - - and an attached self promo had this - - "CONFIRMED: The rogue investment banker who predicted the “Coming Credit Crash” back in 2006 will make new and exclusive predictions to a select few Daily Reckoning readers this March... Satyajit Das will be speaking at our After America Investment Symposium in March. "

On "currency wars" seems that Bernank has guaranteed to support the "Banksters" in their game of global economic **** and bugger the consequences as we the banksters have INDEMNITY... Not if the victims find your collective sorry asses.........
15852

 

speaking of largest employer this articles timing was rather interesting

http://realestate.yahoo.com/promo/new-home-sales-were-worst-ever-in-2011.html

worst home sales year since records have been kept.

Perfect eh

and I gotta pick that career now don't I

I think its high time I find something else to do. Great time in life to be trading in careers. Gotta love it.